[Chambo]

Pearl/Zeines Partners used to do something like this. Send out the advance in increments.

what are the caveats for NOT sending out the subsequent round? I mean, it's not like a merchant signs a $40,000 advance contract paid out in 8 increments of $5000 and they're guaranteed all five, right?

[HeatherF]

Pearl/Zeines Partners used to do something like this. Send out the advance in increments.

what are the caveats for NOT sending out the subsequent round? I mean, it's not like a merchant signs a $40,000 advance contract paid out in 8 increments of $5000 and they're guaranteed all five, right?

We are buying 40K of the receivables so there for as long as they do not default on the contract they are guaranteed to receive the disbursement on the specified dates, and it is actually 8 disbursements every 6 1/2 weeks over a year.